If you’re one of those folks that believes the Nasdaq leads the market, today was not a good sign for the bulls. But if you’re from the newer generation of trading folks out there who are all about the Russell, well it’s a whole other story as RUT soared while NDX flopped. SPY seems to be holding ground somewhere in between (maybe some of them actually got the golden cross memo?). TVO numbers are fast increasing above +3.0 so the lightening of positions may be in order, but with Apple’s likely drop tomorrow along with the Fed and a host of other economic reports this week, the time to scale out may come faster than anticipated. -MD
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